ANNUAL REPORT ‘12
CORPORATE GOVERNANCE AND COMPLIANCE
132
international BCM (Business Continuity Manage-
ment) methodology, in line with BS 25999 (British
Standards), and GPG 2010 (Good Business Guide-
lines) of the Business Continuity Institute. This was
done internally in 2012 without the use of outside
resources;
• Approval of that plan for Faro airport by the Board
of Directors in July 2012, which also approved
the extension of the implementation of Business
Continuity Plans to the other Business Units (BU)
of ANA, S.A..
In 2012, and through its internal audit, ANA, S.A.
reassessed its Risk Management Prevention Plan, which
includes risk of corruption and related offences. ANA,
S.A. was represented by its internal audit in the project
GestãoTransparente.Org – A practical guide for risk
management of corruption in organisations. This inno-
vative project aims to help national companies adopt
good practices to eradicate corruption and thereby
introduce values of integrity, transparency and respon-
sibility. The project was presented publicly on 10
Council on the Prevention of Corruption.
13.6_PENSION FUND
ANA, S.A. set up a pension fund in 1987 in parallel
with a defined-benefit complementary retirement
plan, characterised by its reliance on mandatory social
security regimes: Regime Geral de Segurança Social and
Caixa Geral de Aposentações.
As the plan was vulnerable to adverse outside changes,
the defined-benefit plan was transformed, in 2004,
into a defined-contribution plan covering most
employees.
This change evidenced the importance attached by
ANA, S.A. to the sustainability of its pension fund,
whose exclusive purpose is to fund the payment of
complementary retirement benefits as set out in the
applicable legislation.
To protect previously acquired rights, ANA, S.A. simul-
taneously kept a defined-benefit plan. This was aimed
at those employees who, at the time of conversion,
received some of the benefits provided for in the
contract setting up the pension fund or were already
eligible for retirement benefits. The future obligations
of this plan are monitored annually through an actuarial
review by an independent entity that uses adequate
market and population parameters.
The contract that set up the pension fund, which thus
covers two plans, was entrusted to Banif Açor Pensões
– Sociedade Gestora de Fundos de Pensões, S.A.,
an entity licensed to carry out such activities by the
Instituto de Seguros de Portugal. As the authority for
the supervision of insurance and pension funds, the
Institute has published the contract on its website with
the following link:
The management model for the defined-benefit plan
rests on an investment strategy that takes into account
the structure of obligations.
The contribution plan is set up with two investment
portfolios, one with a balanced profile and the other
with an aggressive profile. The latter is currently in-
active and has no assets allocated to it.
The fund is monitored by a special-purpose committee,
which is composed of five members, of whom three are
appointed by the company and two by the workers’
council.
13.7_INFORMATION SYSTEMS
The area of systems and information and communica-
